Internal Auditor

A An optional audit sample B A requirement arising from law, regulation, contract, policy, or other binding commitment C A forecasted sales target D A manager's informal preference in every case

A A way to ignore new rules B A method of valuing inventory C A process to identify changes in requirements, assess impact, assign responsibility, and implement updates D A process for changing invoices without approval

A Only the company's income tax rate B Only physical inventory C Assessing relevant governance, environmental, social, and sustainability-related information or controls D Only the cash book

A Whether hazards are managed and applicable safety requirements and procedures are followed B Whether the bank account earns interest C Whether dividends are paid quarterly D Whether all sales invoices are numbered

A Whether personal data is handled according to applicable requirements and internal policies B Whether petty cash is replenished C Whether sales commission is calculated monthly D Whether inventory is measured using FIFO

A Only payroll withholding B Only the number of cash transactions C The reliability, completeness, and governance of sustainability information and disclosures D Only the cost of office furniture

A To guarantee the service provider has no risk B To replace all procedures by the user organization in every case C To calculate the user's income tax D To understand controls at a service organization and inform the user's risk assessment

A An external tax law B A department that sells only its own inventory C A third party that provides services relevant to a user organization's operations or reporting D An audit finding

A A list of all successful controls only B A replacement for the audit report C A documented plan to address control weaknesses, responsibilities, and deadlines D A process for increasing sales prices

A Accepting a verbal promise without review in all cases B Changing the finding's risk rating to low without evidence C Verifying that the agreed action is implemented and adequately addresses the issue D Deleting the finding as soon as a due date passes